The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-12-31
THE BEST OF MOTIVES.
TIE HERALD EXPLAINS ITS POLICY
OF BUBBLE PUNCTURING.
It's Reply to the President OF the Birm-
ingham Chamber OF Commeroe- Words
Of Warning Honestly Meant-A Com
pliment to The Appeal.

,bnmSct Of commerce OF Blnunrham, Ala, held |
Yesterday II was rsolvcl That whereas an
article has Appeared In the New YORK Herdld ne, |
decting rs We think, unjustly on this city ana |
citizens, and containing statements which show
lack OF accurate information, thc president OF tle
heard be instructed to correspond Win tbc hlnN. |
said paper aud ascertain what terms II VIII scnd
n reliable and competent correspondent here to |
learn and publish the facts with regard TO our past
and present. business and future prospects,
In accordance with this resolution request YOU |
~ give me the information desired
l. n JomSToS. President
The Herald begs TO tell Mr.. Johnston |
what he should already know that its |
columns arc not for sale 10 any organiZa-
ton or individual or community ON any
terms" whatever.
The word ''tcrns" Is not in the vocabu-
larry OF the H,raids ncwr columns, or even
in that OF it, advertising columns where
there il reason In doubt the character OF
the matter 10 be inserted.
Only reliable and honest correspond
cnts are retained in its service. The man
who recently visited Birmingham is in
that category, and his only instructions
were 10 write facts obtained by personal
observation, not iiCtiOns furnished at 50
much line by schcming speculatoB or
tie misleading statements OF persons
blinded by local scli-intcrcst.
MI. JoHssroS's MISTAKE
II Is unhuppily true that a great many
Journals ERE publishing paid for pulls OF
land and other schemes. Several long
Mandatory articles on southern enterprises
which recently appeared in the news
columns OF the gift enterprise paper OF TINS
city were VIGOROUSLY paid for ut 70 much a
line. President Johnston has not read his
Herald carefully, or he would know that an
independent and public spirited journal
of 10 character h not TO be approached IN
that vay.
n little cool criticism and friendly warn
ing are naturally distastCiul 10 the promot-
crS NJ an enterprise conducted on the 'hur-
nh" principle. Az part Oi their schemes
these men have in many instances bought
or established newspapers in their embryo
towns, and some OF these naturally resent
the HiuHs comments OF this character
is an article reprinted in the gift enterprise
journal on Saturday accusing the Herald OF
cnmity 10 the south. The article h cred.
tied 10 n Florida paper. AZ matter Of
fact Il il not from o Florida paper but
from the Journal, Of Tallapooaa, Ga. 'hlla-
poosa IL "the paper city" which was shown
up 10y our correspondent last month, and
the paper IL, or was then, owned by the
clique Of land Spectators who were trying
% gull innocent people into buying their
lots in the wilderness.
THE SCUM mNriTEp.
That the honest and intelligent people
oi tho south are grateful Ia the Htcdld Tor
telling the truth h shown hy the suhjoincd
clipping from the Memphis ArrEAI, one
al the ablcsi and best known journals in
that section. a paper which was an ac'
lnowlcdgcd power In the south long be-
Tore the institution which President John
tton represents came into existence:
- Bogus Rooms The New York Hcrdh
has been i"r some months with commend
able energy using It's great resources ol
Journalistic enterprise In the exposure al
bogus Blooms and sham enterprises. bc
ginning with . Florida land company
which had made many victims Ia IT. ~
luity, Il next made plain the sawdust con
sisiency oi ia. Turiilita Mining company
al Arizona, after that the Pocahonia
Steamship company ui New York, thci
the 1allaI-osa City sham, and subsequent
ly the h,st enterprise ~ the Elyton lanI
company, oi Birmingham, Ala. II will N
t-,en from this that the H'rald IL M ~
tircjcr ui persons az ln,ality, and that
y solely aud wholly In the public Interest
No great undertaking resting upon soil
rubslntum OF foundation ui wealth IN
the iron, c,rl and lime that surrounds Nh
birmingham district Can L. otherwise tha
benefited by thcso exposures ui sham
Arizona has been uraih helped 10y u
exposure Ui the Toriliia sham, and Flor
da also by ths exposure ui a hand cumpan
that fell e. piros ~ s.zin ~ tie Hrd
punctrrcd IL. The ross,hontas STEAMSHIP
has disappeared from the adyc
Using page ii the New iutk newspaper
where II wa- conspicuous ~ u bogus entc
Ifi-c, and tllc others must follow suit
II the dut, ~ every man ~ the south vi
u interested in rraln and tangible cnterpri-
10 unite In exposing thcsc bogus blooms
--heaPha iPPoI.
uruEnisss WHO GOT HuHr.
The iccling that is growing among q
people II the south toward wildcat spec
lati0ns down there IL Wiloct,d In the "a
lowing extract from the Athn.s Ga. r.
~. HaiohmU,, official papcr II that eli
and " the counties II Clarke and Ranks
uno of many similar extracts clipped
1andum iium our exchanges
1T h said that several II the citizens
Newman, Who have been induced % i
vest their money In The wildcat strcul
tons oi Ti-rnlnoai AMI birmingham, AlI
have inst rralib.j that they have aho
Sl7,OO ia experience, While the spncul
tor hnyrahoiT money. They became
enthusrd under the magic rvppscntatiu
II the agents oi these ryndicatCH, vi
ven building towns ON paper In nurthc
Alabama, that a few husbands and wiyI
their unchs aud aunls, murigagcd ever
thing they could 10 rairc money "a in,'
Ia that section. Now that the boom
over and the companies are drawing
them through the banks for more mon,
las caused sadness among the yictiI
that II painful 10 behold. The W.
feature about the whole matter N u
some ladior, NhoSCw IN comparative ~
circumstances, were induo,'i tO muitg
their homes 10 faifc money to pot II
thcro inflated enterprises, taking -tock
the land COMPANIES, Which have suddc
collapsed"
PREDICTIONS Anouf niRNiNSH,H yEHnI
The nth of the HsraLf statements Az
birmingham WIS that the Spectators
''hOomcd" land tho high. that, innsml
a. the sellers In the boom II last year
taken three iourths 81 tliUiT pay lOr q
Vol In notrs NJ one, two ~ thfcc y,
respectively, there WA danger Of collaI
because the demand iur lots had suhsid
money was very stringent and the bul
IN many instances were unable IN take
the frst years nO,es, ucn bcgnnin
fall due.
That there was good ground Tor this
pnhension a demonstrated 10y many "a
Tho Smithtold Land company, ui